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The sold-out Victorian leg of Falls Festival will still go ahead, however organisers have relocated it to a location near Geelong, following the devastating Christmas Day bushfires.

More than 100 homes were destroyed across Victoria and fire was threatening Lorne, the location of Falls’ Victorian leg, on Christmas Day. While the music festival’s Lorne site is not directly in the path of ongoing bushfires, organisers spent much of today conducting safety assessments with fire authorities and emergency services.

Organisers made the call about 7pm, believing the site to be too dangerous.

"Falls Lorne event update! We have been working very hard over the past 24 hours to secure a new venue for the festival, and we're pleased to announce that the show will go ahead nearby at the Mount Duneed Estate," Falls posted to its Facebook page.

"We have been working closely with the local emergency services, Councils and CFA and unfortunately the Lorne farm is a potential high risk site for the 2015 event."

The site is just outside Geelong, Victoria and boasts a nearby winery and craft brewing brand.

The Festival indicated a change of venue was likely and promised to keep punters in the loop earlier in the day via an official statement. However, as the day wore on increasingly irritated social media users attacked the Falls Facebook page and Twitter account demanding to know if the festival was still going ahead or not.

Falls Festival is expected to attract more than 16,000 revellers and includes an all-star domestic and international line up, including Bloc Party and Courtney Barnett.

The sold-out annual music festival was launched in 1994 and was due to kick off on Monday.

The holiday spot of Lorne was evacuated yesterday as a large out-of-control bushfire moved in.

Firefighters are still battling a 2200 hectare fire burning along the Great Ocean Road, although cooler temperatures and rainfall has helped ease the dangerous conditions.

"Our thoughts go out to the people who have lost homes in Separation Creek and Wye River and our personnel are working around the clock to bring this fire under control," Victoria's Emergency Management Commissioner Craig Lapsley said.

“This is about people’s safety and that was the focus in coming to the decision to relocate the festival.

“The Falls Festival organisers were engaged from the beginning and have respected the expert safety advice given to them that has prompted the need to relocate the event.”

Simultaneous Falls events are also being held at Marion Bay in Tasmania and Byron Bay, NSW.